- Home
- Results news
- CreditAccess Grameen
- Q2 FY27 results
CreditAccess Grameen Q2 FY27 results: net profit ₹501.57 crore vs ₹125.81 crore, revenue up 26.2%
CreditAccess Grameen Ltd reported consolidated revenue of ₹1,904 crore and a net profit of ₹501.57 crore for Q2 FY27, with basic EPS of ₹31.27. Revenue rose 26.2% from a year earlier, while profit after tax increased 298.7%; the board also approved the appointment of a new joint statutory auditor, subject to shareholder approval.
Key points
- Consolidated Q2 FY27 revenue was ₹1,904 crore, up 26.2% from ₹1,508 crore in Q2 FY26 and 6.7% from ₹1,783 crore in Q1 FY27.
- Profit before tax was ₹670.95 crore, up 296.6% year on year and 1.7% from the previous quarter.
- Net profit was ₹501.57 crore, compared with ₹125.81 crore a year earlier and ₹493.39 crore in the previous quarter; basic EPS was ₹31.27.
- For H1 FY27, revenue was ₹3,687.25 crore and PAT was ₹995.0 crore, with EPS of ₹62.07.
- The board approved Sharp & Tannan as a joint statutory auditor for three years from FY27-28, subject to shareholder approval.
How did CreditAccess Grameen perform in Q2 FY27?
CreditAccess Grameen reported consolidated revenue of ₹1,904 crore for Q2 FY27, up 26.2% from ₹1,508 crore in Q2 FY26 and 6.7% from ₹1,783 crore in Q1 FY27. Profit before tax was ₹670.95 crore, compared with ₹169.16 crore a year earlier and ₹660.03 crore in the previous quarter. The company reported a net profit of ₹501.57 crore, up 298.7% from ₹125.81 crore and 1.7% from ₹493.39 crore.
Basic EPS was ₹31.27, against ₹7.87 in Q2 FY26 and ₹30.79 in Q1 FY27. PAT margin was 26.3%, compared with 8.3% a year earlier and 27.7% in the previous quarter. EBITDA and its margin were not given for the consolidated results, so the company did not disclose those figures in the supplied data. The filing also included standalone results, which showed revenue of ₹1,903.74 crore and PAT of ₹501.57 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,904 | 1,783 | 1,508 | +26.2% | +6.7% |
| Other income | 1.06 | 0.92 | 0.67 | +58.2% | +15.2% |
| Total expenses | 1,234 | 1,124 | 1,340 | −7.9% | +9.7% |
| Profit before tax | 670.95 | 660.03 | 169.16 | +296.6% | +1.7% |
| Tax | 169.38 | 166.64 | 43.35 | +290.7% | +1.6% |
| Net profit | 501.57 | 493.39 | 125.81 | +298.7% | +1.7% |
| EPS (₹) | 31.27 | 30.79 | 7.87 | +297.3% | +1.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in CreditAccess Grameen's costs and profit?
Total expenses were ₹1,234 crore in Q2 FY27, down 7.9% from ₹1,340 crore a year earlier, while other income rose 58.2% from ₹0.67 crore to ₹1.06 crore. Employee cost increased 16.0% to ₹254.48 crore, finance costs rose 15.3% to ₹553.04 crore, depreciation was ₹16.66 crore against ₹15.80 crore, and other expenses rose 10.5% to ₹109.44 crore. There was no exceptional item.
Tax expense increased 290.7% from ₹43.35 crore to ₹169.38 crore. The figures show that lower total expenses and higher other income coincided with the increase in PBT from ₹169.16 crore to ₹670.95 crore and PAT from ₹125.81 crore to ₹501.57 crore. Against Q1 FY27, total expenses rose 9.7%, finance costs increased 0.5%, and tax rose 1.6%, while PBT rose 1.7% and PAT rose 1.7%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 254.48 | 219.32 | +35.16 | +16.0% |
| Finance costs | 553.04 | 479.52 | +73.52 | +15.3% |
| Depreciation | 16.66 | 15.80 | +0.86 | +5.4% |
| Other expenses | 109.44 | 99.01 | +10.43 | +10.5% |
| Total expenses | 1,234 | 1,340 | −106.01 | −7.9% |
| Other income | 1.06 | 0.67 | +0.39 | +58.2% |
| Tax | 169.38 | 43.35 | +126.03 | +290.7% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹3,687.25 crore, up 24.1% from ₹2,971.24 crore in H1 FY26, while total income was ₹3,689.23 crore against ₹2,972.65 crore. PBT rose to ₹1,331.03 crore from ₹250.28 crore, an increase of 431.8%, and PAT rose to ₹995.0 crore from ₹186.0 crore, an increase of 434.9%.
Basic EPS for H1 FY27 was ₹62.07, compared with ₹11.64 in H1 FY26. The half-year PAT figure was also cited in the company’s press release, while its investor presentation reported AUM of ₹30,946 crore and PAR 90+ of 1.11% for Q2 FY27.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3,687 | 2,971 | +24.1% |
| Profit before tax | 1,331 | 250.28 | +431.8% |
| Net profit | 995 | 186 | +434.9% |
| EPS (₹) | 62.07 | 11.64 | +433.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹34,450.18 crore, compared with ₹31,930.23 crore at 31 March 2026. Total equity was ₹8,919.01 crore against ₹7,842.25 crore, and cash was ₹1,381.92 crore against ₹1,151.58 crore. Borrowings were not given in the supplied consolidated balance-sheet figures.
For H1 FY27, operating cash flow was negative ₹435.81 crore, compared with positive ₹316.45 crore in H1 FY26. Investing cash flow was negative ₹796.52 crore against negative ₹299.6 crore, while financing cash flow was positive ₹1,462.67 crore against negative ₹523.74 crore. Capital expenditure was ₹13.73 crore, compared with ₹7.06 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 34,450 | 31,930 |
| Total equity | 8,919 | 7,842 |
| Cash and equivalents | 1,382 | 1,152 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −435.81 | 316.45 |
| Cash from investing | −796.52 | −299.60 |
| Cash from financing | 1,463 | −523.74 |
| Capital expenditure | 13.73 | 7.06 |
Source: Company's results filing (XBRL).
How has CreditAccess Grameen done over the last 8 quarters?
Revenue rose in each of the last five quarters on a year-on-year basis, while profit rose year on year in each of the last three quarters. Quarterly revenue increased from ₹1,380.38 crore in Q3 FY25 to ₹1,903.74 crore in Q2 FY27. PAT moved from a loss of ₹99.52 crore in Q3 FY25 to ₹501.57 crore in Q2 FY27.
The latest quarter extended the upward direction in revenue and profit, but the pace of profit growth was lower sequentially than revenue growth. PAT rose from ₹493.39 crore in Q1 FY27 to ₹501.57 crore in Q2 FY27, while revenue rose from ₹1,783.49 crore to ₹1,903.74 crore. EBITDA-margin figures were not provided for the trend data.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. It also approved the appointment of M/s Sharp & Tannan, Chartered Accountants (FRN: 003792S), as one of the company’s joint statutory auditors, subject to shareholder approval. The appointment is for a term of three years, commencing from FY27-28, in place of Walker Chandiok & Co LLP, whose tenure is scheduled to end at the 2027 Annual General Meeting.
The same-day filings also included the investor presentation and a press release on the quarterly results. No dividend or fund-raise approval was stated in the supplied same-day filing excerpts. The board meeting began at 2:00 PM and concluded at 5:15 PM IST on 22 October 2026.
What did CreditAccess Grameen's management say?
Management raised its FY27 ROA guidance to 5.2-5.8% from 4.0-4.8% and ROE guidance to 21-24% from 16-20%. It maintained AUM growth guidance of 20-25%, cost-to-income guidance of 29-30% and credit-cost guidance of 3-4%; NIM guidance was raised to 14.4-14.7% from 12.8-13.2%. Management said borrowing cost was expected around 9.2-9.3% through March and that Q3 credit cost was expected to inch up within the annual range.
Management identified drought-related repayment stress and restructuring requests in parts of central Maharashtra as a risk. It said exposure across roughly six drought-affected districts remained unquantified, while temporary flood and festival-related PAR increases were reported in Bihar, UP, Chhattisgarh and MP. Management also identified a 50 bps yield cut as a risk, saying it could take four to six quarters to transmit, with later cuts conditional.
How did CreditAccess Grameen shares react?
The filing appeared after market hours. From the price when the filing appeared, the stock fell 5.7% after five minutes, 7.1% after 15 minutes and 7.0% after 30 minutes. It closed the first session that could trade on the news 4.9% below its pre-results close. By the next day’s close, the stock was down 8.9% from that pre-results close, and by five sessions it was down 6.7%.
The Finance industry median moved down 1.8% on the reaction day, 2.0% by the next day and 1.0% after five sessions. CreditAccess Grameen therefore moved 3.2 percentage points below the industry median on the reaction day, 6.9 percentage points below it by the next day and 5.7 percentage points below it after five sessions. Earlier results-day moves included 5.3% on 24 July 2026, 9.4% on 20 January 2026 and 4.1% on 28 October 2025.
| After the filing | Stock | Finance median |
|---|---|---|
| 5 minutes | −5.7% | |
| 15 minutes | −7.1% | |
| 30 minutes | −7.0% | |
| Reaction day | −4.9% | −1.8% |
| Next day | −8.9% | −2.0% |
| 5 days | −6.7% | −1.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 24 July 2026 | +5.3% |
| 8 May 2026 | −1.1% |
| 20 January 2026 | +9.4% |
| 28 October 2025 | −4.1% |
| 22 July 2025 | +5.3% |
| 16 May 2025 | −6.6% |
| 24 January 2025 | −2.2% |
| 19 July 2024 | −1.5% |
Source: MarketPing price-reaction measurement.
Quick answers
What was CreditAccess Grameen's revenue in Q2 FY27?
Revenue from operations was ₹1,904 crore, up 26.2% from ₹1,508 crore in Q2 FY26 (consolidated).
Did CreditAccess Grameen make a profit in Q2 FY27?
Yes. Net profit was ₹501.57 crore, against a net profit of ₹125.81 crore in Q2 FY26.
What was CreditAccess Grameen's EPS in Q2 FY27?
Basic earnings per share were ₹31.27, against ₹7.87 in Q2 FY26.
How did CreditAccess Grameen shares react to the Q2 FY27 results?
On the reaction day the stock moved −4.9% from the previous close; the median Finance stock moved −1.8%.
When did CreditAccess Grameen announce its Q2 FY27 results?
On 22 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 13 October 2026) · PDF
- Results - Financial Results Of 30-09-2026 (BSE, 22 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Press Release / Media Release (BSE, 22 October 2026) · PDF
- The earnings call (22 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.